MFIN rolled out its Associateship programme in January 2014. This was done with the understanding that stakeholders other than NBFC-MFIs who have a lasting bearing on the financial inclusion dialogue and are of immense value to the sector need to interact and work with each other to fuel the larger goal of financial inclusion. The Associates are a valuable part of MFIN’s construct and there is a constant dialogue with them at various forums including at the state and district levels. MFIN includes the following institutions in its Associateship programme – Banks, NBFCs, Housing Finance Companies, Insurance Companies, Business Correspondents, Private Equity Social Investors, Think Tanks and Foundations.

Associate Subscription Fee

  1. One time Application Fee ; INR 51,000
  2. Subscription fee Structure
Associate category Subscription Fee
Financial Institutions INR 5,00,000
Others INR 2,00,000
Not for Profit Entities INR 1,00,000

MFIN has been coordinating the interactions between MFIs, other market players - stake holders, regulators and the customer in an excellent way. The approach of MFIN has been pro-active and it provides an excellent platform for discussion.

Our interaction as an Associate member has been really engaging and the transformation to full time membership was also seamless.

Going forward we see MFIN getting stronger in client protection, SRO execution and implementation and continued hand holding and support to MFI practitioners and other partners. 

Jagadish Ramadugu, MD& CEO,, VAYA Finserv Pvt Ltd.